David Frum’s Critique Is Far From Sound

David Frum’s Critique Is Far From Sound

In his weekly CNN column, David Frum argues that “Ron Paul’s money plan is far from golden,” but makes a lot of mistakes in his analysis.

He uses the same tired, old, and refuted Keynesian argument that a free monetary system based on gold currency is too inflexible. He argues the Great Depression happened because the gold standard prevented the government from being able to expand the monetary supply to get us out of the economic recession.

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